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Gesamtmetall CEO Zander is calling for comprehensive reforms of state finances and savings in all areas, stating that current economic growth is debt-driven.
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High oil prices, driven by geopolitical tensions and Middle East attacks, are burdening global stock markets and German industry. Analysts foresee oil prices potentially reaching $120 per barrel by 2027, intensifying inflation and interest rate concerns.
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Katharina Dröge, parliamentary group leader of Alliance 90/The Greens, comments on budget week. The article title is "Klingbeil Tricks".
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The planned transport budget for 2027 includes cuts to rail infrastructure, bridge repairs, and climate-friendly measures. Despite a special fund for infrastructure and climate neutrality, associations and the opposition criticize the reduction of funds for maintaining and expanding the rail network, as well as for e-buses and cycling.
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The Bundestag is discussing the draft budget for 2027, which foresees higher spending and debt. Planned expenditures in the core budget are 555.4 billion euros, with net borrowing of 118.7 billion euros. Criticism has been raised regarding the focus on defense and the planned transfer of funds from the Climate and Transformation Fund.
Companies & MarketsFinance & Stock MarketIT & Internet
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Apple's new CEO John Ternus plans to increase App Store revenue, despite recent regulations and agreements with the EU and Japan. This comes as the company's services business experiences slower growth.
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The Social Association of Germany (SoVD) is calling for a change to planned reform projects. Specific details of the requested course correction are not mentioned in the provided text.
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US startup Tau Robotics offers humanoid robots for home cleaning at approximately €26 per hour. These robots are increasingly handling complex tasks, though they are still remotely controlled. Concerns exist regarding data privacy due to recordings used for AI training.
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The Ukrainian Prosecutor General has resigned due to corruption allegations to prevent political instrumentalization of his office. The anti-corruption authority Nabu and a special prosecutor's office had previously uncovered a money laundering network allegedly led by an individual from the Prosecutor General's office.
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German budget plans for the coming year include expenditures of around 555 billion euros, resulting in new debt exceeding 200 billion euros. Budget deliberations in the Bundestag are ongoing until Friday.
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